This discussion paper resulted in the publication 'Wealth and Health Behavior: Testing the Concept of a Health Cost … phenomenon by developing a theory of health behavior, and exploiting both lottery winnings and inheritances to test the theory …. We distinguish between the direct monetary cost and the indirect health cost (value of health lost) of unhealthy …

Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered … disparities in health by SES. In our model, lifestyle factors, working conditions, retirement, living conditions and curative care … are mechanisms through which SES, health and mortality are related. Our model predicts a widening and possibly a …

This paper presents a unified theory of human capital with both health capital and, what we term, skill capital … endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model … highlights similarities and differences in these two important components of human capital. Health is distinct from skill: health …

This paper presents a unified theory of human capital with both health capital and, what we term, skill capital … endogenously determined within the model. By considering joint investment in health capital and in skill capital, the model … highlights similarities and differences in these two important components of human capital. Health is distinct from skill: health …